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A training manager compares company policy with New Mexico requirements during a consumer complaint response. Which statement fits continuing education and renewal?

Correct Answer

A) New Mexico company mortgage licensing workflows use NMLS checklists, filings, amendments, or renewal records when required by the state regulator.

New Mexico company mortgage licensing workflows use NMLS checklists, filings, amendments, or renewal records when required by the state regulator.

Answer Options
A
New Mexico company mortgage licensing workflows use NMLS checklists, filings, amendments, or renewal records when required by the state regulator.
B
Treat the requirement as waived because the borrower or employer agrees.
C
Assume another state's approval automatically satisfies the New Mexico requirement.
D
Apply the New Mexico rule only to company licenses and never to individual MLO activity.

Why This Is the Correct Answer

New Mexico company mortgage licensing workflows use NMLS checklists, filings, amendments, or renewal records when required by the state regulator.

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